GOAL hosted webinar on the “Role of Legal Software to Innovate IT Solutions for Your Law Firm”

The legal industry has never been at the forefront of technology, but that is beginning to change, thanks in part to an increasingly virtualized world, wireless networks, and the rapid adoption of cloud computing. Today, information technology (IT) can be a competitive differentiator for law firms of all sizes, because IT touches nearly all aspects of the business and practice of law including legal service delivery, client communications, practice management, records-keeping, research, training, and much more....

Did you know that Chambers and Partners, the internationally recognized legal guide that ranks the world's best lawyers and law firms, also ranks Legal Process Outsourcing (LPO) firms?

Following the same methodology that it uses to rank lawyers and law firms, the Chambers research team interviews LPOs and their clients to identify the best of the best. The 2013 results are in and Integreon, was recognized by Chambers and Partners for the third consecutive year as a top ranked LPO provider in their Chambers Global guide. Other top-ranked LPOs were Pangea3, LLCQuisLex, and UnitedLex. Second tier LPOs were American Discovery, Clutch Group, CPA Global Limited, Legalbase, Mindcrest, and SDD Global Solutions PVT LTD. The assessment is the result of independent research conducted by the publication’s editorial staff, including interviews conducted in more than 20 languages with law firms and corporations from around the world about their specific experiences in working with LPO providers....

The legal industry asked, and we delivered: GOAL is hosting the India Global LPO Conference, April 11-12, 2013 at Hotel Radisson Blu, Paschim Vihar, New Delhi, India.

Continuing a tradition of excellence, GOAL brings the global community of legal process outsourcing professionals together for an unparalleled knowledge sharing, networking, and personal and business development experience you can count on....

The Great Recession of 2008 forced the legal industry to re-engineer itself and do more with fewer resources. In particular, General Counsels (GCs) were pressured to reduce their overall legal spend, which in turn forced law firms to look for ways to streamline legal service delivery. Consequently, over time, Legal Process Outsourcing (LPO) clients have expanded the use and scope of legal outsourcing services, which has contributed to the wide range of services offered today....

Although the Indian Legal Process Outsourcing (LPO) industry is maturing and becoming more globally accepted, there are lingering concerns about the potential risks involved in offshoring certain legal work to and sharing sensitive legal information with an LPO provider. Among the most common concerns are:

• Security and confidentiality
• Quality
• Ethical implications
• Client/outside counsel relationship

Legal Processing Outsourcing (LPO) is ideally suited to support corporate and outside counsel with M&A transactions. In a typical M&A deal, legal counsel will need to review volumes of contracts within tight timeframes, which can burden internal legal teams and hinder their focus on core, day-to-day work. By retaining an LPO to assist with M&A due diligence procedures, both corporate legal departments and law firms can manage deadlines and costs much more efficiently....

The Legal Process Outsourcing (LPO) market is experiencing its most significant technology transformation since the very concept of offshoring legal services arose more than a decade ago.

As most of us know, cloud computing has emerged as an efficient and effective means of managing, storing and transmitting data, and has created a unique opportunity to reshape how legal services are delivered. Indian LPOs, which are typically tech-savvy operations, are also beginning to make use of cloud-based technology to streamline the way they service clients....

A February 2013 Daily News article reported that India is emerging as one of world's best Legal Process Outsourcing (LPO) centers. The article cites the Economic Survey 2012-13 that Finance Minister P. Chidambaram presented in parliament, which showed legal services has grown at 8.2 percent annually from 2005-06 to 2011-12.The report went on to say that legal services in India have steadily grown in the last five years and the country has become one of the best LPO destinations in the world....

There is little debate over the fact that India is one of the most important destinations for Legal Process Outsourcing (LPO). India has assumed a dominant position in the LPO market for several reasons. First, India taps into a vast pool of educated, English-speaking lawyers and paralegals. Secondly, India utilizes a common law system, similar to the one practiced in the US, UK and Australia. Thirdly, the Indian government bolsters the industry by giving LPO providers some financial incentives such as tax breaks and subsidies on commercial property. And finally, the Indian LPO sector is deeply embedded within the larger, more mature business process outsourcing world....

A 2012 study titled, “Legal Process Outsourcing: LPO Provider Landscape, “examines the path of the Legal Process Outsourcing (LPO) market and compares it to the evolution of ITO and BPO. The research project was a joint effort by the Outsourcing Unit at the London School of Economics, and Orbys, with the goal of educating the legal markets about LPO. The researchers assessed LPO provider services, skillsets and qualifications, size of firm, geographic reach, pricing, team composition, staff turnover, and provider competencies for 27 LPO providers. Here are three trends that are predicted for the coming years....